-Business Today Social sector spending and investments in infrastructure development could be the highlights of the forthcoming Union Budget 2018-19, credit rating agency ICRA forecasts. It expects increase in budgetary allocations for social infrastructure and social security spending, such as NREGA (rural job security), food subsidy (food security), insurance schemes and welfare pensions. Larger allocations for infrastructure related to cold chains, etc., considered to boost the agricultural sector and the rural...
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Now, payments and small finance banks can offer -Atal Pension Yojana
-The Hindu Business Line Will help strengthen existing channels of distribution, says Finance Ministry New Delhi: The Centre’s social security scheme for the aged — the Atal Pension Yojana (APY) — will now also be available at small finance and payments banks, the Finance Ministry said on Friday. “To strengthen the existing channels of APY distribution, it is felt that these new payments banks and small finance banks will provide a boost to...
More »Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University, interviewed by Mohit M Rao (The Hindu)
-The Hindu The former Chief Economic Adviser on India’s current slowdown in economic growth and the mix of policies needed to reignite it In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »Diesel price at all-time high as crude oil surges in international markets -Gireesh Chandra Prasad
-Livemint.com Diesel price touched Rs.61.74 a litre in Delhi, while petrol hit Rs.71.18 a litre, the highest since 1 August 2014 New Delhi: Diesel price rose to an all-time high on Monday as crude oil price continued to advance in global markets, impacting India’s oil import bill and inflation. Diesel price touched Rs61.74 a litre in Delhi, while petrol hit Rs71.18 a litre, the highest since 1 August 2014, according to information provided...
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